Maruti Suzuki Commits Rs 450 Crore to Renewable Energy Efforts

Maruti Suzuki India Limited (formerly Maruti Udyog Limited) is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. The Government of India established Maruti Udyog Limited in February 1981 as a joint venture with Suzuki Motor Corporation as a small partner. Maruti is one leading car makers in the Indian passenger car market. 

Maruti Suzuki to Invest Rs.450 Crores

Maruti Suzuki India Limited has announced plans to invest up to Rs.450 crore over the next three years in renewable energy initiatives, starting from this fiscal year. This substantial investment includes Rs.120.8 crore allocated for the 2024-25 fiscal year, focusing on solar power initiatives and the development of a biogas plant. 

On Wednesday, the company inaugurated a pilot biogas plant at its Manesar facility. This plant aims to harness the untapped potential of in-house food waste and Napier grass as resources. By committing to these initiatives, Maruti Suzuki demonstrates its dedication to sustainable energy solutions. Maruti Suzuki is transitioning to green manufacturing practices at its Manesar and Kharkhoda facilities. The company expanded its solar capacity to 43.2 MWp in 2023-24. Meanwhile, it is on track to add 15 MWp solar capacity to its Manesar plant and 20 MWp to the upcoming Kharkhoda plant over the next two years.

MSIL CEO on Upcoming Green Initiatives

Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Ltd. said,” Energy is one of the critical inputs in the manufacturing process. As we ramp up our production capacity from around 2 million to 4 million by 2030-31, we are also accelerating our efforts to increase the share of sustainable and renewable energy sources across our operations. This is in line with Suzuki’s Environment Vision 2050 and the Government of India’s renewable energy focus.”

Conclusion: Maruti Suzuki’s Rs.450 crore investment over three years in renewable energy highlights its commitment to sustainability. The focus on solar power and the new biogas plant at Manesar, using food waste and Napier grass, shows innovative usage of resources. This initiative positions Maruti Suzuki as a leader in sustainable practices in the automotive industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.